Steady Start Seen For Malaysia Stock Market

RTTNews | 858 days ago
Steady Start Seen For Malaysia Stock Market

(RTTNews) - The Malaysia stock market has ticked lower in back-to-back sessions, although it has given up not quite 3 points in that span. The Kuala Lumpur Composite Index now rests just above the 1,450-point plateau and it's expected to remain in that neighborhood again on Tuesday.

The global forecast for the Asian markets is mixed and flat amidst a lack of catalysts. The European and U.S. bourses were little changed and the Asian markets are expected to open in similar fashion.

The KLCI finished barely lower on Monday as losses from the financials were offset by support from the plantations and a mixed picture from the telecoms.

For the day, the index eased 0.87 points or 0.06 percent to finish at 1,452.68 after trading between 1,452.12 and 1,460.98.

Among the actives, Axiata tumbled 1.88 percent, while Dialog Group surged 3.12 percent, Digi.com dropped 0.69 percent, Genting eased 0.21 percent, INARI soared 2.09 percent, IOI Corporation climbed 0.78 percent, Kuala Lumpur Kepong advanced 0.76 percent, Maybank fell 0.23 percent, Maxis rose 0.50 percent, MISC improved 0.54 percent, MRDIY added 0.60 percent, Petronas Chemicals gained 0.55 percent, Press Metal perked 0.39 percent, Public Bank retreated 0.97 percent, RHB Capital declined 1.22 percent, Sime Darby slumped 0.88 percent, Sime Darby Plantations jumped 0.94 percent, Telekom Malaysia spiked 1.01 percent, Tenaga Nasional sank 0.64 percent and PPB Group, CIMB Group, IHH Healthcare, Genting Malaysia and Nestle Malaysia were unchanged.

The lead from Wall Street offers little clarity as the major averages opened higher on Monday but faded badly in the afternoon, finishing mixed and little changed.

The Dow added 40.47 points or 0.12 percent to finish at 33,431.44, while the NASDAQ dipped 13.27 points or 0.11 percent to close at 11,675.74 and the S&P 500 perked 2.78 points or 0.07 percent to end at 4,048.42.

The early strength on Wall Street came as treasury yields moved notably lower amid optimism that the Federal Reserve is close to finishing its aggressive interest rate hikes.

Buying interest waned over the course of the session, however, as treasury yields rebounded ahead of congressional testimony by Federal Reserve Chair Jerome Powell - who is due to testify before the Senate Banking Committee later today and the House Financial Services Committee on Wednesday.

The Labor Department's closely watched monthly employment report is also likely to attract attention later in the week.

Crude oil futures settled higher on Monday after Saudi Arabia signaled that it sees oil demand picking up in Asia and Europe by raising most prices for crude shipments to the regions. West Texas International Crude oil futures for April advanced $0.78 or 1 percent at $80.46 a barrel.

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 5h 39min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 5h 55min ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 6h 35min ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 10h 18min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 10h 25min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 10h 48min ago